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The current buyback will complete before final results. There is no reason why they could not announce another buyback at full year.
no we already know. £4 billion will be returned to shareholders and they are spending £750 on a share buyback programme. This leaves 3.25 billion to return. If it's a special dividend across 3.990 million shares then that's 81.5p each. This figure will increase the more shares they are able to buy back.
However the share price will also reduce by the same amount on the ex dividend day as it is already fully built into the current share price. The only question will be when do they make the payment.
I guess we will have to wait until March to find out what the goodies are.
Selling GI would feel like hollowing the business from the core. The silver is sold, that'd be selling the soft furnishings and decor!
Is it time to take a further look at Aviva PLC (LSE:AV.) (LON:AV.), the insurer that has started to splash the cash?
According to the highly respected financials team at Deutsche Bank (NYSE:DB), absolutely yes it is – notwithstanding the 32% total return investors have seen in the year to date.
In the wake of the recent numbers, Aviva has provided “reassurance and clarity”, according to Deutsche, which remains a ‘buyer’ of the stock up to 500p (current price 420p).
Its analysts were heartened by the £4bn capital return pledged by mid-2022 and the assurance the figure was “floor not a ceiling”.
That capital return is kicking off with a £750mln stock repurchase scheme.
Details on the rest of the cash return pledge will be unveiled in the group’s full-year results.
The interim results last week were a mixed bag. However, there was nothing in them that deterred the Deutsche number crunchers.
Pete640, I think there will be a special divi but not sure it will be as big as some think. As with all dividends once the money leaves the company the share price usually reflects this by the same margin. If AV are to buy I would be surprised if it's a General Insurer, more likely a pensions business or a merger with one of the bigger pension players.
PBoyd like you I don't think buybacks do anything for the share price and don't particularly like them. As you suggest Cevian seem to want more control and are putting their money on the table to achieve this.
Been and will continue to be a LTH myself . I still wouldn't be surprised if they sell the GI side and concentrate on pensions, maybe buy someone with the existing cash plus whatever they achieve from a GI sale. All speculation on my part of course. I am please though that AB has at least got hold of things and seems to slowly be turning this supertanker around!
I can see that in the NY, she's being a little too coy at the moment, meanwhile I think Cevian is building their holding so as to 'influence' from a strong hand.
Buybacks do nothing for the shares, the IIs win. Look at BP, share price weaker than ever and they are buying back billions.
Jake,I see a special divi of 15p in 3 months time. Plus possible buyout of another main U.K. player in Insurance / pensions? Maybe AXA or Direct Line.?
Hi DS. I wonder if they will sell off the General Insurance side of the business and concentrate on pensions and investments. It's been talked about for years. Time will tell I guess.
For those interested, as of yesterday's RNS, Aviva have completed £91.5m of the "up-to-£750m" share buyback programme.
IMO - Aviva are cancelling all shares purchased under the buyback and so reducing the shares in circulation, increasing the value per share in the process. Aviva will keep buying up this low hanging fruit until exhausted, but I'm expecting the final dividend return per share to reflect the more smaller pool of shareholders.
Leadership under Blanc is so much stronger than Tulloch. The next step is critical into 2022; I can't see Aviva buying out anyone significant after current disposals unless they do another Friends Life type deal. There's no more family silver to sell. So what's the next move going to be?
Hmmmmm
Holygrail - hmm. Perhaps you should keep quiet?
Firstly, no one knows where the SP will trade in the future,
yes we can all make a guess/estimate, but that's all it is.
The stock market is about probabilities, never certainties.
I'm long Avia fwiw, but aware the SP usually takes a hit on any
market volatility/weakness. Added a small amount on Monday.
Well there we disagree. Sold lots between 4.22 and 4.28 ahead of the div. Took some did and topped up. This is a good 'un for the ex next 12 months. If it goes below £4 you'll be lucky...
lol. LMFA really filter me out
You condescending mug Holy
Filtered
Holy, "buying back below £4 because it will be falling below this point"
Not really a prediction is it when we are sitting @ 402.25.
"you have to ensure you are knowledgeable enough for when the market decides to move"
Seems you are suggesting you have this knowledge. Why not share the knowledge?
I'm sure many including myself would love to know at what point the SP will bottom out this time around ????
I'm afraid there is no such thing as safe in this market my friend but I will be buying back below £4 because it will be falling below this point.
All companies have there weak spots you have to ensure you are knowledgeable enough for when the market decides to move.
Holy
I would say this company is a lot safer than many in the Ftse.
Paying divis
Buying shares back
And projecting large one off payments too shareholders
What more do you want !!??
I'm not one to get stung been there before
Holy
Sell then
Que?
this is going lower reading over the chat makes no sense to be buying now no deramamping seems like a lot dreamers
Nuri
Has HSBA in there sights
Unbelievable poster and deramping non stop
Lol
They are managing to buy a considerable number of shares each day without driving the SP up.
Of course we don't want them to waste our money so the lower they buy the better. However when the purchased shares are cancelled we should see a rise. Therefore not in their interest to do so while their purchasing. Could be a good while until we see an improvement. My thinking though was to top up as early as poss. I set myself a goal of 410p which I achieved today. Who knows how long before it shows a worthwhile profit, I can wait.